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18 January 05:25 PM

Ratings

KIPCO's headquarters
17 January 06:00 PM Moody's affirms KIPCO's ratings at Baa3; Outlook revised to negative
Mubasher: Moody's Investors Service has affirmed Kuwait Projects Holding’s (KIPCO) Baa3 long-term issuer rating and P-3 short-term issuer rating, according to a statement. The international rating agency affirmed the provisional (P)Baa3/(P)P-3 …
Ratings
JPMorgan is the first global bank to assign Aramco an overweight rating
15 January 11:49 AM JPMorgan assigns Aramco overweight rating; SAR 37/shr PT
Riyadh – Mubasher: JPMorgan has initiated coverage of the Saudi Arabian Oil Company’s (Saudi Aramco) stock with an overweight rating and a price target (PT) of SAR 37 per share, Reuters reports. JPMorgan noted that it sees Aramco could increase …
Trading Activities
The less predictable global environment may reduce investor confidence
9 January 11:25 AM Levant, North Africa sovereigns' 2020 outlook negative – Moody’s
Mubasher: Moody's Investors Service highlighted that the negative outlook previously placed for sovereigns in the Levant and North Africa region in 2020 is a result of political and social tensions due to a slowing pace of reform and limited scope …
Ratings
Financial strength ratings were affirmed at ‘B++’
8 January 06:35 PM AM Best affirms ratings of Misr Insurance Holding’s units; Outlook stable
Cairo - Mubasher: The US-based credit rating agency AM Best has affirmed the credit ratings of Misr Life Insurance Company and Misr Insurance Company, subsidiaries of Misr Insurance Holding Company, at ‘bbb’ with a stable outlook, Egyptian …
Ratings
The survey includes the period from 2015 to 2020
8 January 10:07 AM Sharjah is 8th fastest-growing city worldwide until 2020 - EIU
UAE – Mubasher: The Sharjah emirate in the UAE was ranked the eighth among the top ten fastest-growing cities during the period from 2015 to 2020, according to a ranking released by the International research group, the Economist Intelligence Unit …
Ratings
Boubyan Bank's profits increased by 12.3%
5 January 01:07 PM Moody's affirms Boubyan Bank’s ratings, outlook
Mubasher: Moody's Investors Service has maintained Boubyan Bank’s baseline credit assessment at ‘ba1’ and its outlook as ‘Stable’. Meanwhile, the bank’s long-term and short-term deposits ratings were affirmed at ‘A3’ and ‘P-2’, respectively, …
Banking and Finance
The rating reflects the group’s efforts in becoming fully diversified
26 December 2019 09:41 AM S&P initiates GFH coverage with 'B' long-term issuer rating; outlook stable
Dubai - Mubasher: Standard and Poor's (S&P) Financial Services has assigned GFH Financial Group with a ‘B’ long-term issuer credit rating, with a ‘Stable’ outlook. The rating reflects the group’s successful efforts in becoming fully diversified …
The ratings reflected the company’s profitable work model
24 December 2019 03:26 PM Moody's affirms Kuwait Investment’s ratings; Outlook stable
Mubasher: Moody's Investors Service has affirmed the credit ratings of Kuwait Investment at ‘Bb2’, with a stable outlook, according to a bourse statement released on Tuesday. The ratings reflected the company’s profitable work model and ability to …
Ratings
The upgrade followed the introduction of omnibus account structures
19 December 2019 10:59 AM MSCI upgrades Boursa Kuwait to emerging market
Mubasher: Global Index and research giant MSCI upgraded the MSCI Kuwait Indexes from frontier to emerging market, according to Kuwait’s Capital Market Authority (CMA). The upgrade followed Boursa Kuwait’s introduction of omnibus account structures …
Ratings
Photo Archive
18 December 2019 04:23 PM Moody’s assigns Baa2 rating to Malath Cooperative Insurance
Riyadh – Mubasher: Moody's Investors Service (Moody's) has assigned a Baa2 insurance financial strength rating (IFSR) to Malath Cooperative Insurance Company, with a stable outlook. The rating reflects the insurance firms’ good market position and …
Ratings
ABK's long-term foreign-currency deposit rating was ‘A2’
16 December 2019 11:56 AM Moody’s assigns ABK ‘A2’ foreign-currency deposit rating, ‘stable’ outlook
Mubasher: Al Ahli Bank of Kuwait (ABK) said on Monday that Moody's Financial Services assigned the lender’s long-term foreign-currency deposit rating at ‘A2,’ with a ‘stable’ outlook. Furthermore, ABK’s long-term foreign-currency counterparty risk …
Ratings
Warba Bank's long-term IDR was confirmed at 'A+'
12 December 2019 04:34 PM Fitch confirms Warba Bank’s credit ratings, stable outlook
Mubasher: Fitch Ratings affirmed Warba Bank’s issuer default ratings (IDR) on the long and short terms at ‘A+’ and ‘F1,’ respectively, with a stable outlook, the lender said in a statement. Moreover, the ratings agency confirmed Warba Bank’s …
Ratings
GFH's international scale ratings were confirmed at 'BB/B'
11 December 2019 04:02 PM IIRA confirms GFH’s ratings at ‘BB/B,’ ‘stable’ outlook
Mubasher: The Islamic International Rating Agency (IIRA) has confirmed on Wednesday the GFH Financial Group’s international scale ratings at ‘BB/B.’ Furthermore, the group’s national scale ratings were kept at ‘BBB-(bh)/A3-(bh),’ while maintaining …
Moody's confirmed “stable” long-term outlook
5 December 2019 10:47 AM Moody’s affirms KFH’s credit ratings, ‘stable’ outlook
Mubasher: Moody’s Investors Service confirmed the credit ratings of Kuwait Finance House’s (KFH), and its “stable” long-term outlook, according to a bourse filing. The ratings agency left the domestic and foreign currency long-term and short-term …
Ratings
Moody's affirmed DEWA's rating at Baa1
29 November 2019 11:49 AM Moody’s affirms DEWA’s rating at ‘Baa1’, cuts outlook
Dubai – Mubasher: Moody’s Investor Service affirmed its credit rating of state-owned services infrastructure provider Dubai Electricity & Water Authority (DEWA) at Baa1, while it downgraded its stable outlook to negative, according to a Friday …
Ratings
Shariah Banks continue to outperform conventional banks in deposit growth
27 November 2019 02:07 PM Saudi banks maintain strong growth signs – Report
Riyadh – Mubasher: The Saudi banking sector continues its move forward with steady deposit and loan growth, according to a recent report by Al Jazira Capital. Mortgage loans growth has exceeded expectation in recent years, showing a growth of 41 …
Ratings
Etisalat has a standalone credit profile (SCP) of 'a-'
27 November 2019 09:23 AM Fitch affirms Etisalat’s IDR at ‘A+’
Abu Dhabi – Mubasher: Fitch Ratings has affirmed the long-term issuer default rating (IDR) and senior unsecured debt of Emirates Telecommunications Group Company (Etisalat) at 'A+', with a ‘Stable’ outlook, according to a statement.  The ratings …
Ratings
Dubai Insurance enjoys strong balance sheet
26 November 2019 09:28 AM AM Best affirms Dubai Insurance’s FSR at ‘B++’
Dubai – Mubasher: Dubai National Insurance and Reinsurance was assigned a ‘B++’ (Good) financial strength rating (FSR) and a long-term issuer credit rating of ‘bbb+’, with a ‘Positive’ outlook by AM Best. The rating agency has noted the firm’s …
Outlook is Stable for all GCC banking systems, but Negative for Oman
25 November 2019 00:58 PM GCC banks outlook remains stable - Moody's
Mubasher: The outlook for banks in the Gulf Cooperation Council (GCC) member countries remains stable in 2020, underpinned by solid economic growth, strong capital buffers and substantial liquidity, according to Moody's Investors Service. …
Macroeconomics
In the Middle East, geopolitical risks are a credit driver, says Moody's
21 November 2019 01:33 PM Emerging market outlook for 2020 turns negative - Moody's
Mubasher: Gross domestic product (GDP) growth in emerging markets will average above 4.5% in 2020, according to Moody’s Investors Service. This pace remains sluggish compared to past peaks, as “emerging market growth slowed significantly in 2019 …
Macroeconomics